XML 26 R17.htm IDEA: XBRL DOCUMENT v3.22.1
Stockholders' Equity
3 Months Ended
Mar. 31, 2022
Stockholders' Equity Note [Abstract]  
Stockholders' Equity

11. Stockholders' Equity

Common Stock

The Company’s Certificate of Incorporation, as amended, authorized the Company to issue 150,000,000 shares of $0.0001 par value common stock as of December 31, 2021.

Common stockholders are entitled to dividends if and when declared by the Board of Directors subject to the prior rights of the preferred stockholders. As of March 31, 2022, no dividends on common stock had been declared by the Board of Directors.

The Company has the following shares of common stock reserved for future issuance:

 

 

 

March 31,
2022

 

 

December 31,
2021

 

Stock options available for future grant

 

 

3,531,453

 

 

 

1,961,338

 

Stock options issued and outstanding

 

 

5,376,145

 

 

 

3,875,317

 

Unvested restricted stock units

 

 

538,660

 

 

 

771,660

 

Common stock warrants issued and outstanding

 

 

220,890

 

 

 

220,890

 

Total common stock reserved

 

 

9,667,148

 

 

 

6,829,205

 

 

Warrants to Purchase Shares of Common Stock

As of March 31, 2022, the Company’s outstanding warrants to purchase shares of common stock, consisted of the following:

 

 

Issuance Date

 

Number of

Shares of

Common

Stock Issuable

 

 

Exercise

Price

 

 

Classification

 

Expiration Date

September 15, 2020

 

 

101,610

 

 

$

11.3177

 

 

Equity

 

July 25, 2026

September 15, 2020

 

 

30,924

 

 

$

11.3177

 

 

Equity

 

August 21, 2026

September 15, 2020

 

 

77,312

 

 

$

11.3177

 

 

Equity

 

September 19, 2026

September 15, 2020

 

 

11,044

 

 

$

11.3177

 

 

Equity

 

September 26, 2026

 

 

 

220,890